Breaking News
Investing Pro 0
Free Webinar - The Role of Psychology in Trading - Thursday, December 8, 2022 | 04:00PM EST Enroll Now

Crypto Mixed; Bahrain Regulates Crypto

Cryptocurrency Feb 26, 2019 12:07AM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
 
BRKa
-0.70%
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
BTC/USD
-0.07%
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
XRP/USD
+1.68%
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
ETH/USD
+0.22%
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
LTC/USD
-2.38%
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 

Investing.com - Bitcoin and other major cryptocurrencies put on mixed performances in Asia on Tuesday morning after a nosedive the day before.

On Tuesday morning, traders saw Bitcoin gain 0.69% to $3,844.4 by 10:41 PM ET (3:41 GMT). XRP and Litecoin were also moving higher, rising 8.15% to $0.32909 and 1.60% to $45.612, respectively. Ethereum was the exception, trading down 0.56% to $138.03.

The crypto market cap also bounced higher to $131 billion on Tuesday, after a sudden drop to $129 billion the day before from an intra-week high of $141 billion.

It was a mixed day for cryptocurrencies. Bahrain became the first Arab country to regulate crypto, while Warren Buffett called Bitcoin a delusion in comments that attracted a lot of attention among crypto traders.

Bloomberg reported that Bahrain became the first Arab country to regulate digital assets. Bahrain’s central bank said it issued “the final rules on a range of activities relevant to crypto assets.”

The regulatory framework covers licensing, governance, risk management, anti-money laundering and counter-terrorist financing measures, business conduct, conflict of interest avoidance, reporting and cybersecurity.

The smallest country in the Arab world, Bahrain is striving to be a leading financial hub by cultivating a fintech ecosystem, according to Khalid Hamad, executive director of banking supervision at the country’s central bank.

And while crypto appears to be recovering, Berkshire Hathaway (NYSE:BRKa) CEO Warren Buffett was sharply critical of cryptocurrencies.

In an interview with CNBC on Monday, the famed investor called Bitcoin “a delusion,” saying the digital coin attracts charlatans and has no unique value at all.

“You can stare at it all day, and no little Bitcoins come out or anything like that. It’s a delusion, basically,” he told CNBC. But he also said: "Who knows where we will be next year?”

Previously, Buffett said that buying Bitcoin as an investment was a gamble and that no one knows exactly what the top cryptocurrency is.

Buffett’s negative comments stood in stark contrast to JP Morgan’s recent move to launch its own JPM Coin to facilitate instant settlement.

Crypto Mixed; Bahrain Regulates Crypto
 

Related Articles

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:  

  •            Enrich the conversation, don’t trash it.

  •           Stay focused and on track. Only post material that’s relevant to the topic being discussed. 

  •           Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.

  • Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
  • NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
  • Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
  • Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Continue with Google
or
Sign up with Email